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Tuesday, June 18, 2024

FLC has new chairman

The Saigon Times

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HCMC – Le Ba Nguyen has been named the new board chairman of FLC Group in the 2021-2026 tenure.

Nguyen has over 17 years of experience in business management. He used to be a member of FLC’s board in two periods, from 2013 to October 2017 and from June 2018 to June 2020.

At a recent extraordinary meeting in Hanoi, FLC shareholders picked Nguyen to replace Dang Tat Thang, who was named chairman of the group in late March after his predecessor Trinh Van Quyet had been detained on alleged charges of stock market manipulation. Thang is now FLC vice chairman.

Bui Hai Huyen, general director of the group, was picked as first vice chairwoman of FLC.

At the meeting, Doan Huu Doan and Le Thai Sam were voted as new board members of the group. Thus, FLC’s board currently has five members.

With the new management board, FLC will restructure the group and boost the operation of companies in its ecosystem.

As for the aviation sector, the high fuel prices have put pressure on Bamboo Airways, a subsidiary of FLC Group. In addition, inflation and policies of some international markets have posed multiple challenges to the air carrier, according to an FLC leader.

Nevertheless, Bamboo Airways still insists on its operation extension strategy while improving its service quality to meet international standards and enhancing its digitalization. To reach these targets, the airline is seeking new investors and partners.

FLC closed the trading session today, July 4, up 6.9% at VND6,200. Other stocks in the FLC family, including ROS, HAI, AMD and ART, also reached their daily ceiling prices, despite the bearish mood on the market.

On the Hochiminh Stock Exchange, the VN-Index slid 0.28%, or 3.37 points, from the session earlier, at 1,195.53. There were 442.82 million shares worth nearly VND10.1 trillion changing hands.

The HNX-Index of the Hanoi bourse added 2.31 points, or 0.83%, at 281.19 at the close.

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